Capital One Financial Comments on Apache Co.’s Q1 2018 Earnings (APA)

Apache Co. (NYSE:APA) – Capital One Financial cut their Q1 2018 earnings estimates for shares of Apache in a report released on Thursday, April 12th. Capital One Financial analyst R. Tullis now expects that the energy company will earn $0.43 per share for the quarter, down from their prior estimate of $0.73. Capital One Financial also issued estimates for Apache’s Q2 2018 earnings at $0.53 EPS and FY2018 earnings at $1.88 EPS.

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Several other research analysts have also recently weighed in on APA. Royal Bank of Canada set a $48.00 price target on shares of Apache and gave the stock a “hold” rating in a report on Friday. Jefferies Group set a $32.00 price target on shares of Apache and gave the stock a “sell” rating in a report on Monday, March 19th. Stifel Nicolaus set a $41.00 price target on shares of Apache and gave the stock a “hold” rating in a report on Tuesday, January 30th. BMO Capital Markets restated a “hold” rating and set a $35.00 price target on shares of Apache in a report on Tuesday, February 27th. Finally, Citigroup dropped their target price on shares of Apache from $46.00 to $40.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 28th. Ten analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $41.27.

Apache stock opened at $40.79 on Monday. Apache has a fifty-two week low of $33.60 and a fifty-two week high of $52.97. The stock has a market cap of $15,494.41, a P/E ratio of 169.96, a PEG ratio of 3.94 and a beta of 1.10. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.31 and a current ratio of 1.45.

Apache (NYSE:APA) last released its quarterly earnings results on Thursday, February 22nd. The energy company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.12. Apache had a net margin of 20.32% and a return on equity of 1.11%. The business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the previous year, the company earned ($0.06) earnings per share.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 22nd. Stockholders of record on Monday, April 23rd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Friday, April 20th. Apache’s dividend payout ratio (DPR) is currently 416.67%.

In other Apache news, Director John E. Lowe purchased 2,500 shares of the stock in a transaction dated Friday, March 2nd. The shares were bought at an average price of $33.80 per share, with a total value of $84,500.00. Following the completion of the transaction, the director now directly owns 17,500 shares in the company, valued at approximately $591,500. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.59% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of Apache by 0.5% in the fourth quarter. BlackRock Inc. now owns 25,438,112 shares of the energy company’s stock valued at $1,073,997,000 after purchasing an additional 116,095 shares during the period. Orbis Allan Gray Ltd raised its position in shares of Apache by 2.8% in the fourth quarter. Orbis Allan Gray Ltd now owns 14,217,029 shares of the energy company’s stock valued at $600,243,000 after purchasing an additional 382,624 shares during the period. Geode Capital Management LLC raised its position in shares of Apache by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 4,025,825 shares of the energy company’s stock valued at $169,613,000 after purchasing an additional 120,764 shares during the period. APG Asset Management N.V. raised its position in shares of Apache by 19.9% in the fourth quarter. APG Asset Management N.V. now owns 3,394,463 shares of the energy company’s stock valued at $119,349,000 after purchasing an additional 564,551 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Apache by 1.1% in the fourth quarter. Bank of New York Mellon Corp now owns 3,014,831 shares of the energy company’s stock valued at $127,285,000 after purchasing an additional 34,091 shares during the period. 95.96% of the stock is currently owned by institutional investors.

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About Apache

Apache Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids (NGLs). The company has operations in onshore assets located Permian and Midcontinent/Gulf Coast onshore regions; and offshore assets situated in the Gulf of Mexico region.

Earnings History and Estimates for Apache (NYSE:APA)

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